Torys LLP acted as counsel to Connor, Clark & Lunn in the transaction.
Connor, Clark & Lunn Infrastructure acquired a majority interest in Landmark Student Transportation Inc.
Landmark’s existing shareholders will retain a significant equity interest in the business and its current management team will continue to oversee its operations and growth.
Terms of the transaction were not disclosed.
Landmark is a North American owned and operated company that provides school districts with safe, reliable, contracted student transportation services.
CC&L Infrastructure invests in middle-market infrastructure assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. It is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage approximately C$100 billion in assets.
The Torys’ team included Huw Evans (Picture), Philip Symmonds, Justin Crawford, Mike Meguid and Melissa Lowy (corporate/M&A), Tom Zverina and Michelle Holmes (financing), Darryl Hiscocks and Brad Tartick (pensions and employment), Chris Caparelli and Omar Wakil (antirust), Charlene Schafer and Leslie Blumer (real estate), Michael Fortier (environmental), Ed Fan (IP) and Molly Reynolds (privacy).
Involved fees earner: Leslie Blumer – Torys LLP; Christopher Caparelli – Torys LLP; Justin Crawford – Torys LLP; Huw Evans – Torys LLP; Edward Fan – Torys LLP; Michael Fortier – Torys LLP; Darryl Hiscocks – Torys LLP; Michelle Holmes – Torys LLP; Melissa Lowy – Torys LLP; Mike Meguid – Torys LLP; Molly Reynolds – Torys LLP; Charlene Schafer – Torys LLP; Philip Symmonds – Torys LLP; Brad Tartick – Torys LLP; Omar Wakil – Torys LLP; Tom Zverina – Torys LLP;
Law Firms: Torys LLP;
Clients: Connor, Clark & Lunn Infrastructure;